Legal Question in Real Estate Law in India

stamp duty - Amnesty Scheme 2008

There have been a series of transaction on the property I am registering we are the 3rd owners of this property from the 1st transaction between builder & 1st buyer.

My legal consultant tells me that for this Amnesty scheme I can submit only the current sale agreement for stamp duty payment.

Pls clarify Firstly am I liable to pay stamp duty on previous transactions ,Is this necessary for transfer.If so are they covered under this scheme.Request an urgent response as scheme ends this DEC.This is for a property in Mumbai.

Asked on 12/24/08, 2:36 am

5 Answers from Attorneys

Sachin Sangare Private Practise
0 users found helpful
0 attorneys agreed

Re: stamp duty - Amnesty Scheme 2008

For getting your title cleared,you will have to pay stamp duty on all the previous agreements which are not registered and/or having defecit stamp duty. As the current owner is liable to pay all pending stamp duties. Please submit all the agreements

Read more
12/24/08, 4:59 am
Homi Maratha N.N. Maratha & Co.-Advocates
0 users found helpful
0 attorneys agreed

Re: stamp duty - Amnesty Scheme 2008

Hello.

You are liable to pay stamp duty of all the agreements and get it registered. This will be the most important part of your title report and clearance of the property.

Read more
12/24/08, 5:12 am
Shrichand Nahar S.V.Nahar, Advocate
0 users found helpful
0 attorneys agreed

Re: stamp duty - Amnesty Scheme 2008

Scheme already ended for receiving applications. It is open only for deciding on applications received till end of Dec'08

Read more
12/26/08, 12:37 am
Sudershan Goel Sudershan Goel - Advocate, International Visiting Scholar, USA [2008-10]
0 users found helpful
0 attorneys agreed

Re: stamp duty - Amnesty Scheme 2008

The local counsel may be most suitable for advising in situation like this. You may better follow his advice.

Read more
12/27/08, 10:25 am
Prof.Somnath Mukherjee s.mukherjee associates,09874053359
0 users found helpful
0 attorneys agreed

Re: stamp duty - Amnesty Scheme 2008

To get clear title you have to pay the same.However if you want to get the benefit if have to do it hurridly.

Read more
12/28/08, 2:17 pm

Related Questions & Answers

More Real Estate and Real Property questions and answers in India

Looking for something else?

Get Free Legal Advice

8782 active attorneys ready to answer your legal questions today.

Real Estate and Real Property Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Timothy McCormickLibris Solutions - Dispute Resolution ServicesSan Francisco, CA
Anthony RoachLaw Office of Anthony A. RoachChatsworth, CA
Barry SteinDe Cardenas, Freixas, Stein & ZacharyMiami, FL
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now